Care Friends Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11548822

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		894,910		1,056,593
Tangible Assets	5		2,798		5,508

			897,708		1,062,101
CURRENT ASSETS
Debtors	6	62,721		90,337
Cash at bank and in hand		168,583		370

		231,304		90,707
Creditors: Amounts Falling Due Within One Year	7	(970,926 )		(998,921 )

NET CURRENT ASSETS (LIABILITIES)			(739,622 )		(908,214 )

TOTAL ASSETS LESS CURRENT LIABILITIES			158,086		153,887

Creditors: Amounts Falling Due After More Than One Year	8		(171,690 )		(191,839 )

NET LIABILITIES			(13,604 )		(37,952 )

CAPITAL AND RESERVES
Called up share capital	10		228		206
Share premium account			757,413		557,444
Profit and Loss Account			(771,245 )		(595,602 )

SHAREHOLDERS' FUNDS			(13,604)		(37,952)

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Care Friends Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Neil Eastwood

Director

30 June 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Care Friends Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11548822 . The registered office is Antrobus House, College Street, Petersfield, GU31 4AD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

2.2. Going Concern Disclosure

As shown in the financial statements, the company has total liabilities exceeding total assets by £13,604, and has retained losses carried forward of £771,245. The company meets its day to day working capital requirements through the support of available funds, medium term loans and shareholder investment. The directors have confirmed that their support will continue for the foreseeable future. For this reason, the company has decided to prepare the accounts using the going concern basis.

2.3. Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration duc under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer Equipment

4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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Care Friends Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Foreign Currencies

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'Finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income.

2.7. Taxation

Current tax

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 13)

4. Intangible Assets

	Other
	£
Cost
As at 1 March 2025	1,579,744
Disposals	(4,120 )

As at 28 February 2026	1,575,624

Amortisation
As at 1 March 2025	523,151
Provided during the period	157,563

As at 28 February 2026	680,714

Net Book Value
As at 28 February 2026	894,910

As at 1 March 2025	1,056,593

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Care Friends Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 March 2025	16,749
Additions	1,968

As at 28 February 2026	18,717

Depreciation
As at 1 March 2025	11,241
Provided during the period	4,678

As at 28 February 2026	15,919

Net Book Value
As at 28 February 2026	2,798

As at 1 March 2025	5,508

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	32,423	60,297
Other debtors	30,298	30,040

	62,721	90,337

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	10,070	24,801
Bank loans and overdrafts	20,149	164,114
Loans from Shareholders	243,100	203,227
Other taxes and social security	27,196	45,121
Salaries Payable Provision	70,000	45,000
Other creditors	20,701	57,374
Deferred income	365,369	374,157
Directors' loan accounts	214,341	85,127

	970,926	998,921

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	171,690	191,839

9. Deferred Taxation

The company has unused trading losses carried forward of £579,449 (2024: £571,946) available for offset against future taxable profits of the same trade. A related deferred tax asset has not been recognised within the financial statements.

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Care Friends Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

11. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
203,162 Ordinary shares of £0.001 each	203.17	203.17
24,571 Ordinary B Shares of £0.001 each	24.57	3.05

	227.74	206.22

Shares issued during the period:
	£
21,516 Ordinary B shares of £0.001 each	21.52

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